India's Aging Population

In Future,It is quite evident that India is going to have more aged population than present, The Indian Government must be ready for this extra pressure.

In 2050, there will be more people older than 60, than their would be younger than 15.

Age dependency ratio of India is also on the rise, it is currently 14 from 10 few years back, while Japan has 42. Some European countries have this number between 25-30.

Indians do not enjoy UBI(Universal Basic Income)

India, do not have a social security system,or a universal basic income scheme.

The fall in interest rates by Central bank, has also made Employees Provident Fund Organisation to worry about its returns.

Even Public Provident Fund(PPF), has also decreased returns over investment.

International Scenario

Countries like US, Japan China, Australia, are considering to increase the retirement age.

For most public and private sector jobs, retirement age is 60 years old.

Central Universities and PSUs must consider increasing their age.

We can also learn from the example of Canadian Pension Plan Investment Board which invests heavily in the projects of central- state governments as well as the PSUs. Gulf Countries also have pension funds.

India can also learn from the model of France and Australia.

While solving problem of unemployment, we must insure that Indian have adequate savings in their bank accounts.

Comments

What is making Rupee Gain value, in recent days??

What is making Rupee Gain value, in recent days?? Greetings Indian Rupee rose to a new high of 73.40, owing to powerful FPIs Foreign Portfolio Investors. FDI and FPI, there are two types of Investment route in India. FPIs are using foreign rate differential to bring dollars. Incoming Dollar in India's stock market and steady growth in other Asian currencies, helped rupee to be stronger. According to experts, in upcoming months FPIs can see a surge. RBI's Role When RBI buys dollars, it releases equivalent amount in Rupees, which could put pressure on inflation and yields. It would be interesting to see RBI's next move in upcoming months. Change in Federal Reserve's Policy:- US has also distributed stimulus to its citizens, which brought hopes in investors, leading stock market to a new high. New Policies will help keep interest rates lower, stimulate growth to tackle unemployment. This will help emerging markets like India to attract more capital flow. Thank...

INDIA'S POSITION IN MANUCFACTURING GOODS WORLDWIDE

INDIA'S POSITION IN MANUCFACTURING GOODS WORLDWIDE Many think that in the aftermath of the pandemic, several manufacturing companies operating from China will relocate their businesses to other destinations, including India. Many American, Japanese, and South Korean companies based in China have initiated discussions with the Indian government to relocate their plants to India. Companies are expected to exit China due to three primary reasons. The fi rst is the realisation that relying heavily on China for building capaci ties and sourcing manufacturing goods is not an ideal business strategy due to supply chain disruptions in the country caused by COVID19. The second is the fear of Chinese dominance over the supply of essential in dustrial goods. The third is the growing risk and uncertainty involved in operating from or dealing with China in the light of geopolit ical and trade confl icts between China and...

Update : One Can't be Penalized for Not Wearing Mask in Car.

Update : One Can't be Penalized for Not Wearing Mask in Car. Greetings, Not wearing mask while driving attracts a penalty of Rs.500. Medical experts also point that masks should be mandatory in public spheres. But the base of this rule comes from supreme court's rule in 2019. In many states Mask is mandated under the guidelines of National Disaster Management Act. Violation of such guidelines can lead to imprisonment up to 6 months or fine up to Rs.1000. Delhi Government's Delhi Epidemic diseases under the Epidemic Diseases Act, 1897 requires masks in all public spheres. But how can a car be considered a public space? For this one has to know, Satvinder Singh Saluja versus state of Bihar. "It is true that the public may not have access to private vehicle as a matter of right but definitely public have the opportunity to approach the private vehicle it is on the public road" Supreme Court. In which a two judge bench, ruled out that a private car on a public road...

The Fact Bee

Search This Blog